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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4618356 Views)
Fixed Deposits Or Treasury Bills, Which Is Better? / Fixed Deposit And Treasury Bill Investments From Abroad / I Need Information On Treasury Bills In Nigeria (2) (3) (4)
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Re: Treasury Bills In Nigeria by emmanuelewumi(m): 7:26pm On Dec 23, 2019 |
4601CE: It was N10 million around 2006. How much did they accept for your bond investment 1 Like |
Re: Treasury Bills In Nigeria by Nobody: 7:35pm On Dec 23, 2019 |
emmanuelewumi:There are no charges for the FG savings bond investment . But I can’t trade stocks with that account they opened for me. |
Re: Treasury Bills In Nigeria by Lizzyab(f): 7:41pm On Dec 23, 2019 |
ezra01: There is nothing to 'learn' really. Identify your skills, stuff you can do... go online and search far and wide for people that need such skills. Contact them, if you get a response follow up with whatever tests they need to conduct to verify you possess the skills you claim you possess. If you pass, you are hired. It's just like applying to any physical job, only difference is your meeting point is online. Good luck 9 Likes 2 Shares |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 8:39pm On Dec 23, 2019 |
4601CE: The N5 million can be in shares, cash or combination of shares and cash. |
Re: Treasury Bills In Nigeria by Nobody: 10:23pm On Dec 23, 2019 |
emmanuelewumi: Thanks for the info, much appreciated. I'll try with 50k lol . 2 Likes |
Re: Treasury Bills In Nigeria by ezra01(m): 6:33am On Dec 24, 2019 |
[quote author=Lizzyab post=85163283] There is nothing to 'learn' really. Identify your skills, stuff you can do... go online and search far and wide for people that need such skills. Contact them, if you get a response follow up with whatever tests they need to conduct to verify you possess the skills you claim you possess. If you pass, you are hired. It's just like applying to any physical job, only difference is your meeting point is online. Good luck[/quote thanks so much for your quick response... I will start making research. God bless you 2 Likes |
Re: Treasury Bills In Nigeria by ikmontana(m): 6:41am On Dec 24, 2019 |
pls bosses, I need ur insight.. I graduated from d university ard February dis year n den started a grocery store biz in my area around April wic has been successful so far cos I earn at least 3k per day of wic am open for business everyday even on Sundays. wen I started d biz, I had some money left in m account wic I used to buy 3plots of land, currently am developing a plot of land by building a 3 bedroom flat of 2units cos I want to rent out one while I live in d other. I started d building cos I wanted to secure d land n also because I want to leave my parents house in maybe 2-3 years time, n I don't want to leave to a place whr I will b renting, I hate wasting money. My problem rite nw is dat, I v spent almost 800k (plus d biz start up capital) for d building project wic has made my business to b stagnant (not swindling) cos am still in stock with d major things my customers needs tho (am running d biz on d profit of 8months). My question is, should I postpone d building project for now, n focus on d biz to mk it grow or shud I jus continue wit d building project ? PS : started t-bills last yr February wit 2million naira but opted out dis yr after school wen I tot of a biz wit better R.O.I Am currently a Nysc youth corp member so allawee too has been helpful. 2 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 7:12am On Dec 24, 2019 |
You graduated from the University around February and NOT got out of the University. Until when I read everything that you are a corp member, I thought you dropped out of the University. You should not use your business capital to build a house. Rather you should use part of the profit from your business to build a house. I don't know how big your business is, I don't know how big the house you are building is. But I am sure you will spend a minimum of N3 million trying to build a low cost house. Why don't you have a 5 to 6 years plan for the building of your house, so that you can free cash for the expansion of your business. The N3000 you quoted, is that your revenue per day or your profit per day. Because a lot of small business owners usually make the mistake of equating revenue with profit. You did not make a mistake by terminating your Treasury Bill and using the proceeds as the seed capital for your business. Most especially as the business is growing and sustainable, according to your write up. 16 Likes |
Re: Treasury Bills In Nigeria by MrMcJay(m): 7:34am On Dec 24, 2019 |
ikmontana: Building a house at this point of your financial journey is an emotional investment. While buying a land is good, using your business capital to build a house is not. I guess it's because of the Nigerian thing of "I am a landlord." Bro, go back to the drawing board. If you continue this way, the house won't be finished to taste and the business would be deprived of funds. I suggest that you grow the business really big and use the funds to expand the business. That way, you can build several houses from the profit of your business and not your capital. 15 Likes 1 Share |
Re: Treasury Bills In Nigeria by ikmontana(m): 8:00am On Dec 24, 2019 |
MrMcJay:thanks for ur response boss. I jus tot I shud build as profit comes at least to roofing level, cos most times no condition is permanent esp wen life jus happens. 2 Likes |
Re: Treasury Bills In Nigeria by ikmontana(m): 8:17am On Dec 24, 2019 |
emmanuelewumi:hmm at least revenue of 3k sometimes 4-5k per day not profit, cos I feed from d biz (i eat a lot) n pay a sales rep 11k per month, n fuel of #300 per day I.e 9k per month. tanx for ur response boss. |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 9:02am On Dec 24, 2019 |
ikmontana: How much is the rent of your shop, utility bills and others. How much is the initial capital used in starting the business. Average of N3000 per day will give a moderate turnover of N1 million per annum, depending on the profit margin of your business, you should be making a profit of between 300k and 400k per annum, not bad for a small business that started less than a year 4 Likes |
Re: Treasury Bills In Nigeria by ikmontana(m): 9:25am On Dec 24, 2019 |
emmanuelewumi:Rent is 4k per month, NEPA is 1k per month. I can't really remember my start up capital n it because I don't remember d amount of goods I bought den. I built d shop from scratch tho like 160k start up capital is close to or a little over 1 million naira (fridge 96k, Generator 22k, goods plus oda expenses) |
Re: Treasury Bills In Nigeria by ikmontana(m): 9:28am On Dec 24, 2019 |
emmanuelewumi:d profit is like dat because people have been patronising me based on d fact dat am a guy trying to hustle for a comfortable life. n again d shop is at a good location, u can't pass dat road without noticing me. 1 Like |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 9:41am On Dec 24, 2019 |
ikmontana: Assuming the start up capital is N1.5 Million, profit of between 300k to 500k per annum is not bad. Most of the profit should be reinvested for the growth of the business. Record keeping is very important, too bad you can't remember the start up capital of your busines. You should place yourself on a salary payable by the business. Make sure all your revenues are paid into the bank and later withdrawn for the running of the business, this will help you when you need loans from the bank for the expansion of the business and to take the business to the next level. You will succeed. 18 Likes |
Re: Treasury Bills In Nigeria by DaBogu: 9:49am On Dec 24, 2019 |
Nigsrdumb:Fear Fear |
Re: Treasury Bills In Nigeria by DaBogu: 10:00am On Dec 24, 2019 |
Dr. Tayo Oyedeji @tayooye Let's talk about investments (part 1) - Three investment "instruments" to avoid: 1. Forex Trading. 2. Sport betting. 3. Crypto-currencies. .1. FOREX 1. Let's say I have a model for gaining 5% or more return per month. And this model is a zero sum game (like Forex trading). Why in the world would I teach anyone else my model? That's the question you need to ask before signing up for a Forex trading class. 1.2 FOREX Why is this person selling a book/teaching course if they can make 60% return per annum? It's because they don't make 60% a year. Nobody does. Someone said 90% of Forex traders make a loss 90% of the time. Don't be deceived. Most traders lose money in the long run. 1.3 FOREX Here's a deep dive into why Forex trading as a path to financial security is a mirage. 2.1 CRYPTO Money is: 1. A means of exchange. 2. A store of value. Crypto currencies fail both tests. 1. I can't exchange it for most things. 2. It changes value arbitrarily. Maybe it will become valuable in the future; maybe it won't. It's NOT an investment. It's speculation. 2.2 CRYPTO I could write a thesis on the flaws of cryptocurrency "investing" but it won't be as good as this absolute takedown of the madness by Mr. Money Moustache. Read it. Why Bitcoin is Stupid Well, shit. I’ve been watching this situation for a few years, and assuming it would just blow over so we wouldn’t have to talk about it here in this place where we are supposed to be b… mrmoneymustache.com 3.1 Sport betting. The ONLY people who get rich from gambling are casino owners. The ONLY people who get rich from sport betting are platform owners. 3.2 Sport betting If you live in Africa or the Caribbeans, walk around your neighborhood. It's filled with sport betting addicts in tattered cloths and betting platform owners in BMWs. Sport betting steals money from the most vulnerable to top up the pockets of millionaires. Sport betting. Please. Don't even bet for fun. It's a cancer that is destroying communities and neighborhoods. Bottom line. Avoid: 1. Forex Trading. 2. Sport betting. 3. Crypto-currencies. They are not good models for investing for your future. 13 Likes 1 Share |
Re: Treasury Bills In Nigeria by slyfran6(m): 10:08am On Dec 24, 2019 |
DaBogu: This was very insightful. I had made persistent loses before and thought it was a problem with me. Thanks for the enlightenment 1 Like |
Re: Treasury Bills In Nigeria by ikmontana(m): 10:33am On Dec 24, 2019 |
emmanuelewumi:tanx sir but I don't understand d LOAN part ? hop d interest is not much ? Is collateral involve ? I operate FBN n Stanbic Ibtc bank. |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 10:48am On Dec 24, 2019 |
quote author=DaBogu post=85176215]Dr. Tayo Oyedeji @tayooye Let's talk about investments (part 1) - Three investment "instruments" to avoid: 1. Forex Trading. 2. Sport betting. 3. Crypto-currencies. .1. FOREX 1. Let's say I have a model for gaining 5% or more return per month. And this model is a zero sum game (like Forex trading). Why in the world would I teach anyone else my model? That's the question you need to ask before signing up for a Forex trading class. 1.2 FOREX Why is this person selling a book/teaching course if they can make 60% return per annum? It's because they don't make 60% a year. Nobody does. Someone said 90% of Forex traders make a loss 90% of the time. Don't be deceived. Most traders lose money in the long run. 1.3 FOREX Here's a deep dive into why Forex trading as a path to financial security is a mirage. 2.1 CRYPTO Money is: 1. A means of exchange. 2. A store of value. Crypto currencies fail both tests. 1. I can't exchange it for most things. 2. It changes value arbitrarily. Maybe it will become valuable in the future; maybe it won't. It's NOT an investment. It's speculation. 2.2 CRYPTO I could write a thesis on the flaws of cryptocurrency "investing" but it won't be as good as this absolute takedown of the madness by Mr. Money Moustache. Read it. Why Bitcoin is Stupid Well, shit. I’ve been watching this situation for a few years, and assuming it would just blow over so we wouldn’t have to talk about it here in this place where we are supposed to be b… mrmoneymustache.com 3.1 Sport betting. The ONLY people who get rich from gambling are casino owners. The ONLY people who get rich from sport betting are platform owners. 3.2 Sport betting If you live in Africa or the Caribbeans, walk around your neighborhood. It's filled with sport betting addicts in tattered cloths and betting platform owners in BMWs. Sport betting steals money from the most vulnerable to top up the pockets of millionaires. Sport betting. Please. Don't even bet for fun. It's a cancer that is destroying communities and neighborhoods. Bottom line. Avoid: 1. Forex Trading. 2. Sport betting. 3. Crypto-currencies. They are not good models for investing for your future.[/quote] Thanks for sharing. Thank God, I don't do forex trading and sport betting. Because of my old school and conservative nature, I am yet to understand cryto currency and because of this I have not invested in it. Building wealth is a marathon and not a sprint. Marathon requires discipline, focus, practice and consistency. 11 Likes 2 Shares |
Re: Treasury Bills In Nigeria by Adiwana: 11:16am On Dec 24, 2019 |
DaBogu: Somebody already countered him on twitter and he backtracked with the whole its not everybody that should do it talk The thing with forex,stock,crypto etc is that they are volatile money markets.Money comes in as they go so this tends to make it difficult for people to really consolidate their wealth. If you are looking to make double of your wealth at a go,then you might as well go use that money and drink beer cause you're going to lose it all Bottom line is this.If you want to go into forex and the likes,you must make reading a hobby and must be willing to be vast in economic knowledge.Information is key/life of such investment patterns 6 Likes |
Re: Treasury Bills In Nigeria by fineguy11(m): 11:28am On Dec 24, 2019 |
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Re: Treasury Bills In Nigeria by emmanuelewumi(m): 12:01pm On Dec 24, 2019 |
Adiwana: You also need to consider the probability of succeeding and the percentage of participants who are successful and have been consistent with their success in that investment. Most of the people marketing forex trading investments make money organising forex trading trainings and seminars than from the forex trading itself. In wealth building, slow but steady wins the race most of the cases 11 Likes 2 Shares |
Re: Treasury Bills In Nigeria by ositadima1(m): 2:04pm On Dec 24, 2019 |
As investors or as people who seek financial freedom what we all need is to adopt a growth mentality, succcess is not spiritual neither it is God given. It all starts with the realization that our abilities, skills, finances, status, knowhow is not fixed, that anyone can grow by learning new skills, acquiring usefull information, improving in some way. The greatest power of all is the ability to learn. Well, this is my opinion. 11 Likes |
Re: Treasury Bills In Nigeria by emmasoft(m): 7:44pm On Dec 24, 2019 |
Ibrahim505: Investment one. Check my signature for details 1 Like |
Re: Treasury Bills In Nigeria by Phyde: 7:55pm On Dec 24, 2019 |
Adiwana:Let me not talk about Binary Option and the high risk involved ![]() 1 Like |
Re: Treasury Bills In Nigeria by nineville(m): 8:52pm On Dec 24, 2019 |
MrMcJay: ![]() |
Re: Treasury Bills In Nigeria by seyisanya(m): 9:41pm On Dec 24, 2019 |
I doubt if stock is in the same class/category as Forex and Crypto. Stock, particularly stock investing not trading, is a form of investment. I stand to be corrected. [/b]Edit: Maybe better put as long-term investing in dividend-paying stock is a form of investment.[b] Adiwana: |
Re: Treasury Bills In Nigeria by RealityShot: 6:25am On Dec 25, 2019 |
Merry Christmas to you all!
&
Happy Holidays! 5 Likes |
Re: Treasury Bills In Nigeria by Quorax: 6:37am On Dec 25, 2019 |
Lizzyab: Never do business where you have to give your money to someone to do something for you. It's one of the highest venue that Thousands of Nigerians have lost their money and the history keep repeating itself. I will never give someone my money to do business for me. If I cant do it myself, I will keep it. 9 Likes 2 Shares |
Re: Treasury Bills In Nigeria by Iwanttoto: 7:06am On Dec 25, 2019 |
Quorax: Your statement does not hold water. Invest according to your risk appetite. There is nothing wrong with giving money to companies or individuals to do business for you as long as due diligence has been done. Go and read the book called the richest man in Babylon(5 laws of Gold) . You do not create wealth by keeping your money, you create wealth by taking risks with it. Thousands of Nigerians have lost their money and millions of Nigerians have also multiplied their money through this method. People will always loose money while others will also make money. Nobody can create wealth without losing wealth initially. 3 Likes 1 Share |
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